UK gas prices experienced a sharp rise after Finland’s government suspected that a leak in an underwater pipeline resulted from “external interference”.
Finnish President Sauli Niinisto announced that along with the pipeline, a communications cable suffered damage. He emphasized that the authorities have been rigorously investigating the damage to the underwater systems since Sunday.
Niinisto believes the damage probably stemmed from “external interference” and has liaised with NATO regarding the situation.
Repairing a subsea gas pipeline connecting #Finland and #Estonia that was shut on Sunday due to a suspected leak could take months or more if a puncture is confirmed, Finnish gas system operator Gasgrid said.
The Balticconnector pipeline suffered a sharp drop in pressure, and… pic.twitter.com/cYAjMdys7E
— Share_Talk ™ (@Share_Talk) October 8, 2023
Prime Minister Petteri Orpo stated that the leak seemed to be inconsistent with regular activities.
The gas pipeline, which began leaking during the weekend, connects Finland and Estonia, spanning the Bay of Finland.
After reports from Swedish Radio, Finnish outlets Iltalehti and the state-run Yle suggested the leak might not have been accidental, UK gas prices surged by up to 14.8%, reaching 125.4p per therm.
